USD/JPY may rise 69 - 139 pips

Pivot

145.75

Our preference

Long positions above 145.75 with targets at 147.55 & 148.25 in extension.

Alternative scenario

Below 145.75 look for further downside with 145.15 & 144.70 as targets.

Comment

A support base at 145.75 has formed and has allowed for a temporary stabilisation.

Supports and resistances

148.90

148.25

147.55

146.86 Last

145.75

145.15

144.70

Number of asterisks represents the strength of support and resistance levels.